Subprime Mortgage Late 2000s Housing Crash
What caused the housing prices to plummet and for the interest rates to increase in the late 2000s in the US? Did these factors cause people to be unable to repay their adjustable rate subprime mortgages or did their inability to repay cause the crash in housing prices and rise in interest rates?
Watch The Big Short. I'm actually serious as it does a good job of explaining.
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